Toth Financial Advisory Corp Reduces Holdings in General Mills, Inc. $GIS

Toth Financial Advisory Corp lowered its position in General Mills, Inc. (NYSE:GIS) by 61.9% in the 2nd quarter, HoldingsChannel reports. The fund owned 9,007 shares of the company’s stock after selling 14,624 shares during the period. Toth Financial Advisory Corp’s holdings in General Mills were worth $313,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Reflection Asset Management bought a new position in General Mills during the fourth quarter worth about $25,000. Nalls Sherbakoff Group LLC purchased a new position in shares of General Mills in the fourth quarter worth about $26,000. Bruce G. Allen Investments LLC raised its position in shares of General Mills by 139.8% in the fourth quarter. Bruce G. Allen Investments LLC now owns 578 shares of the company’s stock valued at $27,000 after purchasing an additional 337 shares during the period. Zions Bancorporation National Association UT raised its position in shares of General Mills by 248.1% in the fourth quarter. Zions Bancorporation National Association UT now owns 630 shares of the company’s stock valued at $29,000 after purchasing an additional 449 shares during the period. Finally, Binnacle Investments Inc lifted its stake in shares of General Mills by 312.5% during the 3rd quarter. Binnacle Investments Inc now owns 660 shares of the company’s stock valued at $33,000 after buying an additional 500 shares in the last quarter. 75.71% of the stock is currently owned by institutional investors.

General Mills Stock Up 2.7%

Shares of GIS opened at $41.55 on Friday. General Mills, Inc. has a 1 year low of $31.75 and a 1 year high of $51.33. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.68 and a quick ratio of 0.40. The stock has a 50 day simple moving average of $37.32 and a two-hundred day simple moving average of $37.53. The firm has a market cap of $22.21 billion, a P/E ratio of -230.82 and a beta of -0.03.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, July 1st. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.15. General Mills had a negative net margin of 0.48% and a positive return on equity of 21.37%. The firm had revenue of $4.61 billion during the quarter, compared to analyst estimates of $4.59 billion. During the same period in the previous year, the business posted $0.53 EPS. The business’s quarterly revenue was up 1.2% on a year-over-year basis. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. On average, analysts forecast that General Mills, Inc. will post 3.07 earnings per share for the current fiscal year.

General Mills Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were paid a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date of this dividend was Friday, July 10th. General Mills’s dividend payout ratio (DPR) is -1,355.56%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on GIS. Morgan Stanley cut their price objective on shares of General Mills from $37.00 to $32.00 and set an “underweight” rating for the company in a report on Friday, June 5th. Deutsche Bank Aktiengesellschaft increased their target price on General Mills from $32.00 to $33.00 and gave the stock a “hold” rating in a research report on Thursday, July 2nd. Weiss Ratings raised General Mills from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, July 2nd. JPMorgan Chase & Co. lifted their price target on General Mills from $31.00 to $35.00 and gave the company an “underweight” rating in a research report on Thursday, July 2nd. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $36.00 price objective on shares of General Mills in a research note on Tuesday, June 2nd. Four research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $39.16.

About General Mills

General Mills, Inc (NYSE: GIS) is a multinational consumer foods company that develops, manufactures and markets a broad portfolio of branded food products. Its product categories include ready-to-eat and hot cereals, baking mixes and ingredients, snacks and bars, refrigerated and frozen doughs, yogurt and other dairy products, and a variety of shelf-stable meals and meal components. The company’s portfolio features widely recognized consumer brands across grocery store, mass channel and foodservice outlets.

Founded in the early 20th century and incorporated under its current name in 1928, General Mills has grown through both internal brand development and strategic expansion to become a global food company.